waterman aspen limited
waterman aspen limited Company Information
Company Number
02203474
Next Accounts
Sep 2025
Shareholders
waterman infrastructure & environment ltd
Group Structure
View All
Industry
Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
Registered Address
pickfords wharf, clink street, london, SE1 9DG
Website
www.watermangroup.comwaterman aspen limited Estimated Valuation
Pomanda estimates the enterprise value of WATERMAN ASPEN LIMITED at £23m based on a Turnover of £64.4m and 0.36x industry multiple (adjusted for size and gross margin).
waterman aspen limited Estimated Valuation
Pomanda estimates the enterprise value of WATERMAN ASPEN LIMITED at £25.9m based on an EBITDA of £4.1m and a 6.33x industry multiple (adjusted for size and gross margin).
waterman aspen limited Estimated Valuation
Pomanda estimates the enterprise value of WATERMAN ASPEN LIMITED at £15.7m based on Net Assets of £12.3m and 1.28x industry multiple (adjusted for liquidity).
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Waterman Aspen Limited Overview
Waterman Aspen Limited is a live company located in london, SE1 9DG with a Companies House number of 02203474. It operates in the other activities of employment placement agencies sector, SIC Code 78109. Founded in December 1987, it's largest shareholder is waterman infrastructure & environment ltd with a 100% stake. Waterman Aspen Limited is a mature, large sized company, Pomanda has estimated its turnover at £64.4m with healthy growth in recent years.
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Waterman Aspen Limited Health Check
Pomanda's financial health check has awarded Waterman Aspen Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £64.4m, make it larger than the average company (£10.7m)
£64.4m - Waterman Aspen Limited
£10.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 15%, show it is growing at a faster rate (6.7%)
15% - Waterman Aspen Limited
6.7% - Industry AVG
Production
with a gross margin of 25.3%, this company has a comparable cost of product (25.3%)
25.3% - Waterman Aspen Limited
25.3% - Industry AVG
Profitability
an operating margin of 5.1% make it more profitable than the average company (3.9%)
5.1% - Waterman Aspen Limited
3.9% - Industry AVG
Employees
with 520 employees, this is above the industry average (46)
520 - Waterman Aspen Limited
46 - Industry AVG
Pay Structure
on an average salary of £73.8k, the company has a higher pay structure (£57.1k)
£73.8k - Waterman Aspen Limited
£57.1k - Industry AVG
Efficiency
resulting in sales per employee of £123.8k, this is less efficient (£185.6k)
£123.8k - Waterman Aspen Limited
£185.6k - Industry AVG
Debtor Days
it gets paid by customers after 83 days, this is later than average (45 days)
83 days - Waterman Aspen Limited
45 days - Industry AVG
Creditor Days
its suppliers are paid after 3 days, this is quicker than average (9 days)
3 days - Waterman Aspen Limited
9 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Waterman Aspen Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (11 weeks)
4 weeks - Waterman Aspen Limited
11 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41.8%, this is a lower level of debt than the average (67.2%)
41.8% - Waterman Aspen Limited
67.2% - Industry AVG
WATERMAN ASPEN LIMITED financials
Waterman Aspen Limited's latest turnover from December 2023 is £64.4 million and the company has net assets of £12.3 million. According to their latest financial statements, Waterman Aspen Limited has 520 employees and maintains cash reserves of £708 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 64,362,000 | 57,965,000 | 55,784,000 | 42,599,000 | 35,035,000 | 43,080,000 | 25,109,000 | 24,108,000 | 19,886,000 | 14,748,000 | 9,789,000 | 7,818,000 | 9,493,000 | 14,377,000 |
| Other Income Or Grants | ||||||||||||||
| Cost Of Sales | ||||||||||||||
| Gross Profit | ||||||||||||||
| Admin Expenses | ||||||||||||||
| Operating Profit | 3,250,000 | 2,771,000 | 3,958,000 | 2,407,000 | 1,309,000 | 1,295,000 | 942,000 | 543,000 | 674,000 | 489,000 | 336,000 | -560,000 | -394,000 | 1,067,000 |
| Interest Payable | 81,000 | 48,000 | 29,000 | 15,000 | 19,000 | 7,000 | 2,000 | 7,000 | 27,000 | 21,000 | 16,000 | 17,000 | 18,000 | |
| Interest Receivable | 13,000 | 1,000 | 10,000 | 5,000 | ||||||||||
| Pre-Tax Profit | 3,182,000 | 2,724,000 | 3,929,000 | 2,402,000 | 1,295,000 | 1,288,000 | 940,000 | 536,000 | 666,000 | 462,000 | 315,000 | -576,000 | -411,000 | 1,049,000 |
| Tax | -754,000 | -507,000 | -757,000 | -459,000 | -252,000 | -256,000 | -188,000 | -111,000 | -143,000 | -99,000 | -116,000 | 20,000 | 109,000 | -259,000 |
| Profit After Tax | 2,428,000 | 2,217,000 | 3,172,000 | 1,943,000 | 1,043,000 | 1,032,000 | 752,000 | 425,000 | 523,000 | 363,000 | 199,000 | -556,000 | -302,000 | 790,000 |
| Dividends Paid | 647,000 | |||||||||||||
| Retained Profit | 2,428,000 | 2,217,000 | 3,172,000 | 1,943,000 | 396,000 | 1,032,000 | 752,000 | 425,000 | 523,000 | 363,000 | 199,000 | -556,000 | -302,000 | 790,000 |
| Employee Costs | 38,350,000 | 33,518,000 | 28,373,000 | 20,939,000 | 15,915,000 | 20,328,000 | 11,742,000 | 10,319,000 | 8,942,000 | 6,964,000 | 4,722,000 | 4,565,000 | 5,642,000 | 7,754,000 |
| Number Of Employees | 520 | 482 | 385 | 288 | 258 | 227 | 209 | 199 | 164 | 154 | 119 | 118 | 142 | 198 |
| EBITDA* | 4,088,000 | 3,371,000 | 4,389,000 | 2,816,000 | 1,719,000 | 1,310,000 | 956,000 | 559,000 | 692,000 | 495,000 | 339,000 | -558,000 | -383,000 | 1,084,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 2,318,000 | 1,635,000 | 1,313,000 | 628,000 | 522,000 | 29,000 | 10,000 | 18,000 | 28,000 | 27,000 | 10,000 | 1,000 | 2,000 | 13,000 |
| Intangible Assets | ||||||||||||||
| Investments & Other | ||||||||||||||
| Debtors (Due After 1 year) | ||||||||||||||
| Total Fixed Assets | 2,318,000 | 1,635,000 | 1,313,000 | 628,000 | 522,000 | 29,000 | 10,000 | 18,000 | 28,000 | 27,000 | 10,000 | 1,000 | 2,000 | 13,000 |
| Stock & work in progress | 159,000 | 92,000 | 110,000 | 176,000 | ||||||||||
| Trade Debtors | 14,689,000 | 11,911,000 | 6,044,000 | 6,231,000 | 7,400,000 | 7,228,000 | 4,125,000 | 5,091,000 | 4,222,000 | 3,046,000 | 2,037,000 | 1,541,000 | 1,390,000 | 1,964,000 |
| Group Debtors | 3,286,000 | 5,369,000 | 3,928,000 | 2,343,000 | 54,000 | 1,530,000 | 2,446,000 | 2,176,000 | 2,989,000 | 3,896,000 | 3,427,000 | 3,995,000 | 2,849,000 | |
| Misc Debtors | 144,000 | 106,000 | 1,644,000 | 1,487,000 | 92,000 | 748,000 | 941,000 | 149,000 | 505,000 | 225,000 | 210,000 | 538,000 | 492,000 | 356,000 |
| Cash | 708,000 | 3,409,000 | 6,132,000 | 4,873,000 | 3,395,000 | 2,785,000 | 1,200,000 | 962,000 | 10,000 | 46,000 | 145,000 | |||
| misc current assets | 20,000 | 18,000 | 26,000 | 17,000 | ||||||||||
| total current assets | 18,827,000 | 20,795,000 | 17,800,000 | 14,972,000 | 10,966,000 | 10,781,000 | 7,973,000 | 8,766,000 | 6,920,000 | 6,380,000 | 6,319,000 | 5,506,000 | 5,923,000 | 5,314,000 |
| total assets | 21,145,000 | 22,430,000 | 19,113,000 | 15,600,000 | 11,488,000 | 10,810,000 | 7,983,000 | 8,784,000 | 6,948,000 | 6,407,000 | 6,329,000 | 5,507,000 | 5,925,000 | 5,327,000 |
| Bank overdraft | 798,000 | 356,000 | 168,000 | 25,000 | ||||||||||
| Bank loan | ||||||||||||||
| Trade Creditors | 511,000 | 393,000 | 403,000 | 414,000 | 93,000 | 297,000 | 379,000 | 514,000 | 227,000 | 163,000 | 140,000 | 50,000 | 70,000 | 100,000 |
| Group/Directors Accounts | 113,000 | 461,000 | 1,989,000 | 704,000 | 1,193,000 | 1,087,000 | 987,000 | 993,000 | 1,071,000 | 402,000 | ||||
| other short term finances | 1,273,000 | 73,000 | ||||||||||||
| hp & lease commitments | 973,000 | 644,000 | 459,000 | 304,000 | 292,000 | |||||||||
| other current liabilities | 5,972,000 | 6,157,000 | 5,774,000 | 6,073,000 | 4,383,000 | 2,366,000 | 1,774,000 | 1,498,000 | 2,767,000 | 995,000 | 1,845,000 | 1,494,000 | 1,401,000 | 1,165,000 |
| total current liabilities | 7,569,000 | 7,655,000 | 6,636,000 | 6,791,000 | 4,768,000 | 4,652,000 | 2,857,000 | 4,478,000 | 3,067,000 | 3,043,000 | 3,328,000 | 2,705,000 | 2,567,000 | 1,667,000 |
| loans | 1,650,000 | 658,000 | 366,000 | |||||||||||
| hp & lease commitments | 1,279,000 | 906,000 | 825,000 | 329,000 | 183,000 | |||||||||
| Accruals and Deferred Income | ||||||||||||||
| other liabilities | ||||||||||||||
| provisions | ||||||||||||||
| total long term liabilities | 1,279,000 | 906,000 | 825,000 | 329,000 | 183,000 | |||||||||
| total liabilities | 8,848,000 | 8,561,000 | 7,461,000 | 7,120,000 | 4,951,000 | 4,652,000 | 2,857,000 | 4,478,000 | 3,067,000 | 3,043,000 | 3,328,000 | 2,705,000 | 2,567,000 | 1,667,000 |
| net assets | 12,297,000 | 13,869,000 | 11,652,000 | 8,480,000 | 6,537,000 | 6,158,000 | 5,126,000 | 4,306,000 | 3,881,000 | 3,364,000 | 3,001,000 | 2,802,000 | 3,358,000 | 3,660,000 |
| total shareholders funds | 12,297,000 | 13,869,000 | 11,652,000 | 8,480,000 | 6,537,000 | 6,158,000 | 5,126,000 | 4,306,000 | 3,881,000 | 3,364,000 | 3,001,000 | 2,802,000 | 3,358,000 | 3,660,000 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Jun 2017 | Jun 2016 | Jun 2015 | Jun 2014 | Jun 2013 | Jun 2012 | Jun 2011 | Jun 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||||||
| Operating Profit | 3,250,000 | 2,771,000 | 3,958,000 | 2,407,000 | 1,309,000 | 1,295,000 | 942,000 | 543,000 | 674,000 | 489,000 | 336,000 | -560,000 | -394,000 | 1,067,000 |
| Depreciation | 838,000 | 600,000 | 431,000 | 409,000 | 410,000 | 15,000 | 14,000 | 16,000 | 18,000 | 6,000 | 3,000 | 2,000 | 11,000 | 17,000 |
| Amortisation | ||||||||||||||
| Tax | -754,000 | -507,000 | -757,000 | -459,000 | -252,000 | -256,000 | -188,000 | -111,000 | -143,000 | -99,000 | -116,000 | 20,000 | 109,000 | -259,000 |
| Stock | -159,000 | 67,000 | 92,000 | -110,000 | -66,000 | 176,000 | ||||||||
| Debtors | 733,000 | 5,770,000 | 1,555,000 | 2,515,000 | -430,000 | 1,380,000 | -1,090,000 | 783,000 | 643,000 | 117,000 | 637,000 | -371,000 | 708,000 | 5,169,000 |
| Creditors | 118,000 | -10,000 | -11,000 | 321,000 | -204,000 | -82,000 | -135,000 | 287,000 | 64,000 | 23,000 | 90,000 | -20,000 | -30,000 | 100,000 |
| Accruals and Deferred Income | -185,000 | 383,000 | -299,000 | 1,690,000 | 2,017,000 | 592,000 | 276,000 | -1,269,000 | 1,772,000 | -850,000 | 351,000 | 93,000 | 236,000 | 1,165,000 |
| Deferred Taxes & Provisions | ||||||||||||||
| Cash flow from operations | 2,534,000 | -2,533,000 | 1,767,000 | 1,853,000 | 3,710,000 | 343,000 | 1,932,000 | -1,409,000 | 1,852,000 | -482,000 | -149,000 | -94,000 | -776,000 | -3,079,000 |
| Investing Activities | ||||||||||||||
| capital expenditure | ||||||||||||||
| Change in Investments | ||||||||||||||
| cash flow from investments | ||||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | ||||||||||||||
| Group/Directors Accounts | -348,000 | 461,000 | -1,989,000 | 1,285,000 | -489,000 | 1,193,000 | -1,087,000 | 100,000 | -6,000 | -78,000 | 669,000 | 402,000 | ||
| Other Short Term Loans | -1,273,000 | 1,200,000 | 73,000 | |||||||||||
| Long term loans | -1,650,000 | 992,000 | 292,000 | 366,000 | ||||||||||
| Hire Purchase and Lease Commitments | 702,000 | 266,000 | 651,000 | 158,000 | 475,000 | |||||||||
| other long term liabilities | ||||||||||||||
| share issue | ||||||||||||||
| interest | -68,000 | -47,000 | -29,000 | -5,000 | -14,000 | -7,000 | -2,000 | -7,000 | -27,000 | -21,000 | -16,000 | -17,000 | -18,000 | |
| cash flow from financing | -3,714,000 | -970,000 | 1,614,000 | 445,000 | -1,179,000 | 1,278,000 | -1,696,000 | 2,386,000 | 73,000 | -27,000 | -94,000 | 652,000 | 3,254,000 | |
| cash and cash equivalents | ||||||||||||||
| cash | -2,701,000 | -2,723,000 | 1,259,000 | 1,478,000 | 610,000 | 1,585,000 | 238,000 | 962,000 | -10,000 | 10,000 | -46,000 | -99,000 | 145,000 | |
| overdraft | -798,000 | 442,000 | 188,000 | 143,000 | 25,000 | |||||||||
| change in cash | -2,701,000 | -2,723,000 | 1,259,000 | 1,478,000 | 610,000 | 1,585,000 | 238,000 | 962,000 | 788,000 | -432,000 | -188,000 | -189,000 | -124,000 | 145,000 |
waterman aspen limited Credit Report and Business Information
Waterman Aspen Limited Competitor Analysis
Perform a competitor analysis for waterman aspen limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other large companies, companies in SE1 area or any other competitors across 12 key performance metrics.
waterman aspen limited Ownership
WATERMAN ASPEN LIMITED group structure
Waterman Aspen Limited has no subsidiary companies.
Ultimate parent company
CTI ENGINEERING CO. LTD
#0115580
2 parents
WATERMAN ASPEN LIMITED
02203474
waterman aspen limited directors
Waterman Aspen Limited currently has 8 directors. The longest serving directors include Mr Mark Emberton (Jan 2002) and Mr Neil Humphrey (Feb 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Emberton | 66 years | Jan 2002 | - | Director | |
| Mr Neil Humphrey | England | 53 years | Feb 2014 | - | Director |
| Mr John Frayne | England | 55 years | Jul 2017 | - | Director |
| Mr Christopher Young | 46 years | Jan 2022 | - | Director | |
| Mr Andrew Bruce | 41 years | Jan 2022 | - | Director | |
| Mr Andrew Woodliffe | 47 years | Jan 2022 | - | Director | |
| Mr Christopher Young | 46 years | Jan 2022 | - | Director | |
| Ms Alex Steele | England | 57 years | Apr 2025 | - | Director |
P&L
December 2023turnover
64.4m
+11%
operating profit
3.3m
+17%
gross margin
25.3%
-5.71%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
12.3m
-0.11%
total assets
21.1m
-0.06%
cash
708k
-0.79%
net assets
Total assets minus all liabilities
waterman aspen limited company details
company number
02203474
Type
Private limited with Share Capital
industry
78109 - Activities of employment placement agencies (other than motion picture, television and other theatrical casting) n.e.c.
incorporation date
December 1987
age
38
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
aspen consulting group ltd (July 2002)
aspen associates limited (August 1999)
accountant
-
auditor
PRICEWATERHOUSECOOPERS LLP
address
pickfords wharf, clink street, london, SE1 9DG
Bank
-
Legal Advisor
-
waterman aspen limited Charges & Mortgages
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 6 charges/mortgages relating to waterman aspen limited. Currently there are 3 open charges and 3 have been satisfied in the past.
waterman aspen limited Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for WATERMAN ASPEN LIMITED. This can take several minutes, an email will notify you when this has completed.
waterman aspen limited Companies House Filings - See Documents
| date | description | view/download |
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